NEWT vs ZNTL: Correlation
NewtekOne, Inc. (NEWT) and Zentalis Pharmaceuticals, Inc. (ZNTL) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEWT and ZNTL?
On 3 years of weekly data the NEWT/ZNTL correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 2750.6 %².
By 3-year correlation, ZNTL places #10 of the 17 assets tracked against NEWT. Their recent paths diverged sharply: over the last 12 months ZNTL outperformed by 107.3 percentage points (+5.9% for NEWT against +113.2% for ZNTL). One caveat on sizing: ZNTL is 4.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
NEWT vs ZNTL: side by side
| NEWT (NewtekOne, Inc.) | ZNTL (Zentalis Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +5.9% | +113.2% |
| 5-year return | -35.1% | -94.1% |
| Volatility (ann.) | 38.9% | 159.7% |
| Beta vs S&P 500 | 1.15 | 2.82 |
| Max drawdown (3Y) | -43.8% | -96.2% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | 5.6 | – |
| Dividend yield | 6.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEWT | ZNTL |
|---|---|---|
| 2022 | -33.2% | -76.0% |
| 2023 | -10.7% | -24.8% |
| 2024 | -1.6% | -80.0% |
| 2025 | -4.9% | -55.4% |
| 2026 | +11.9% | +187.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEWT and ZNTL good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NEWT and ZNTL?
The NEWT/ZNTL correlation stands at 0.44 on a 3-year window (1 year: 0.53, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is ZNTL a good diversifier for NEWT?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: NEWT correlations · ZNTL correlations
